Questions and answers.
Congress wouldn’t tax Roth IRAs, would it ? So are higher taxes on Roth accounts also on the way ?
There are plenty of hurdles when trying to maximize a client’s retirement savings, making it all the more important to avoid any costly mistakes when managing an IRA.
An attorney suggests putting my IRA into a trust for my 15-year-old son. Since
IRAs must be owned by individuals, I am wondering how that might work ?
Inherited individual retirement accounts made news earlier this
year when the Senate Finance Committee proposed to make heirs empty them within five years of the benefactor’s death.
Naming the wrong people or failing to update documents can create a mess for your heirs.
Help ensure that those your client wants to inherit the account assets are the ones
who actually do.